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20130116
20130116
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
FOX News
Jan 16, 2013 8:00am PST
rid of the debt ceiling. most countries don't have a debt ceiling. you still need votes from congress to authorize spending. you couldn't just borrow willy nilly anyway. the simple fact is the debt ceiling is the one time in the legislative process where you actually get a bill. everyone having all this contest of whose analogy is right, whether it's a family with a budget, whether it's this. or that, whether it's dining and dashing as the president likes to say. the debt ceiling is the moment you get the credit card bill and it's the only moment. and if you can't have a sort of reckoning about your spending habits when you see your credit card bill you're never going to have that reckoning. i'm in favor of it. i'm in favor of any speed bumps towards more spending and this is as good as any. jon: the president was talking about it at his news conference the other day. i want to play something that he had to say and get your reaction. >> if congressional republicans refuse to pay america's bills on time, social security checks and veteran's benefits will be delayed. we might not be abl
CSPAN
Jan 16, 2013 9:00am EST
, but we don't need to do it in the context of the debt ceiling. >> do you believe that the fed should actively prevent future asset bubbles? if so, what tools do you have to do that? >> asset bubbles are very, very difficult to anticipate, obviously. but we can do some things. first of all, we can try to strengthen our financial system, say, by increasing the amount of capital, liquidity is that banks hold, by improving the supervision of those banks, by making sure that every import financial institution is supervised by somebody. there were some very important once during the crisis that us and you had no effective supervision. so if you make the system stronger, then it's a bubble or some other financial problem emerges, the system will be better able to be more resilient, will be better able to survive the problem. now, you can try to identify bottles and i think there's been a lot of research on that, a lot of thinking about that. we have created a council called the financial stability oversight council, the fsoc, which is made up of 10 regulators, chaired by the secretary of th
CNBC
Jan 15, 2013 7:00pm EST
. and the debt ceiling is an alarm bell going off telling us we need to cut spending. i'm hopeful that the parties can come together and agree to balancing our budget. i think it is a common sense idea. >> you know, somebody once said that free market capitalism is the best path to prosperity. >> i don't know why general colin powell ignored that. >> all the best on your new position. >> we go to the markets. the dow is up for the 5th day in a row. we are going to talk about that. and look at interesting economic news ahead that could be rather bullish. officeyour business needs...k... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. introducing the 2013 lexus ls. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with
FOX Business
Jan 16, 2013 6:00pm EST
: there is definitely a debt ceiling looming looming over boston. is there looming over boston. is there a fight looming in the republican party? will they hold line on spending cuts? with one this senator mike of utah. thank you for coming on the show tonight. let's start with something that senator mitch mcconnell had to say on this topic. the president has said that this is no time to talk about cuts. mitch mcconnell said over the past three decades, u.s. presidents and lawmakers from both parties have routinely use the debt limit debate to reform government spending. the president may not want to cut spending as part of the upcoming debt limit debate but it shows deficit reduction measures have increased and are about as standard in washington as a cherry blossom festival. i'm sure that you agree that? >> absolutely. i agree wholeheartedly with that assessment. that is why we need to have this discussion now. it is all the more appropriate for the president to be telling us we can't make any demands accompanying his request for yet another debt ceiling height. gerri: how did you react to the presenc
MSNBC
Jan 15, 2013 7:00pm PST
chief for "huffington post," ryan, so really, they on the debt ceiling, if all the democrats voted to raise it they would only need 18 republican votes to raise it. is that the kind of thing we're going to see happen? >> i mean, you're either going to see that or a complete and total cave. but i don't think you will see a complete and total one, because you have the tea party still hanging around. so you know, i think it will be more like you saw with sandy and what you saw with the fiscal cliff. a lot of democrats, and a not insubstantial number of republicans, by no means a majority, but 50 to 80, something like that. >> well, the voting for an increase in the debt ceiling by the republicans is gaining some real support here. a tweet by the former worker in the bush white house, he tweeted, i don't think i can make it anymore clear there is no alternative rational reason for raising the debt ceiling. and on the republican side, susan colins recognized it needed to be raised. that has already occurred. another item coming out of alaska on lisa murkowski, republican senator. at a n
FOX Business
Jan 16, 2013 4:00pm EST
into office. it is now $16 trillion. don't we need restraint of a debt ceiling to prevent the spending from even going further? >> no. and it doesn't restrain spending at all. congress makes the decisions as to what to spend, what the level of taxation should be, what the level of spending should be. the debt ceiling is just there and, says you can not pay the bills that you voted to incur a year ago and two years ago and three years ago. and that is just wrong. now it used to be harmless in that the debt ceiling would be raised with a little demagoguing here and there but no one ever seriously suggested not raising it. it was raised seven tiles during the second bush administration with no great debate. but now it is being used as blackmail and could wreck the entire american economy if we don't --. david: hold on a second, congressman. 2002, june 2002 two, in november, 2004 and november 2006, guess who voted against raising the debt ceiling. jerry nadler, member of congress. what has changed. why were you against, in favor of keeping debt ceiling restraint then and not so now. >> it becau
Current
Jan 15, 2013 5:00pm PST
that would repeal the debt ceiling altogether. it is an idea supported publicly by alan greenspan and times man of the year last year, ben bernanke. it is an idea that could prevent lawmakers from lurching our country from one crisis to the next just to ring out some short-term gain until another republican sits in the oval office. that's why it's probably an idea that this congress has no chance of making law. but joining me now is one of the sponsors of the bill to repeal the debt ceiling altogether, democratic congressman from vermont and a member of the committee on house oversight and government reform, representative peter welch. sir, thank you so much for joining us tonight. >> good to be with you. >> john: right on. let me ask you just for starters, why does the debt ceiling exist in the first place. does it serve any function? >> it doesn't. essentially, the one function it does serve is members of congress can be hypocritical. they can vote for spending. and then pretend a year later when the bill comes due that they don't have to pay for it. and berate the excessive spending. it
FOX Business
Jan 15, 2013 9:00pm EST
.s. triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure markets that washington is going to do more to stabilize the budget. maybe that -- gerri: it makes into the pipe. they did it -- did not to say there are going to downgraded if we did not like the debt ceiling prices go away. they also said the current outlook is likely to be resolved even if another debt ceiling crisis is averted. they want to see spending cut. now, do you think that the markets would go to town if there was some big deal on spending? >> i think if substantial progress
CSPAN
Jan 15, 2013 8:00pm EST
because of scheduling and needing to deal with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically be moved for what we need to do in the next six weeks. so that would leave adequate time to tackle the longer-range problems. we will not publish tax reform in the next six weeks, but we need to essentially deal with the sequester. since we find a balanced approach that is going to raise the trillion dollar surplus to it. that is why i have some optimism. because we need to face up to the next six weeks and solve it and then move on. >> [inaudible question] i'd like to ask you about one of the big things involving entitlement reform. how big of a package wo
CSPAN
Jan 15, 2013 11:00pm EST
the country hostage. we know there's going to be a fighter for the debt ceiling. in the past that feeling with a speed bump that reminded folks who are borrowing too much and needed to make changes. it could be a useful reminder. not because of sars are people really worry about the fate of the u.s. government and its economic damage, which is what we saw last time. the third piece, the fact government spending is going to expire in the triple witching hour of these issues is if this will close and is that going to force action of the hardest pieces still remaining for the fact that they still for all intents and purposes, it's good we didn't go to the fiscal cliff, good release revenue, but we basically did what we always do, which is punted the hard choices and try to declare bipartisan victory. it wasn't there. the question as to make make these next moments were set to getting us to really take on policies. and this is part of your question that will do it the necessary savings the next 10 years, but just as important or perhaps more, put policies in place to bring savings down gradua
FOX News
Jan 16, 2013 1:00am PST
strategy wonderful the debt ceiling is to split fracture and therefore neuter republicans in the house because that is all that stands between him and total dominance of washington in his second term. he wants a return to 2009-2010 when he had control of both houses he had a super majority in the senate. huge majority in the house. and revolutionized healthcare and passed the biggest spending bill the stimulus in galactic history. that's what he wants. the only way to do it is to do what he is doing and it already worked with the fiscal cliff fractured the republicans. who was in charge of the last vote? nancy pelosi, the democrats. she got 9 out of 10 to go with her. a few republicans. she controlled the agenda. that's his strategy. >> bill: it's working. and i don't know whether it's going to work down the road but he has two huge things going for him. the media behind him, all right. so think are going to support what he does generally speaking on the networks news level in the major urban newspapers and wire services like the associated press. he has got all of that favorable push.
CNBC
Jan 16, 2013 6:00am EST
. >> president obama did not vote for increasing the debt ceiling in 2006 and most republicans had no problem increasing it while bush was in office. those are the two facts you need to know about what everybody is saying about the debt ceiling. >> we have kayla here. thank you for this. rick, thank you for this. kayla is here listening to the jpmorgan media conference call and has details. >> i hate to break this up. i guess i have to. we're just getting off the media call, the new cfo for jpmorgan, marianne lake joins jamie dimon and the favorite topic the london while, jamie saying the impact of the whale pretty much played out at this point, we're at the end of the way with it. and his pay, the board had a quote tough job. you were talking about how the board posted record profits yet again. are you compensating him on the performance or whale and said the board had a tough job there. he went on to say they won't be disclosing a full end stopped number for what the loss were, 5.7 billion plus or fine nuss fine -- minus $7 million. housing last quarter was his famous line saying the housin
FOX Business
Jan 16, 2013 12:00am EST
to ditch the debt ceiling all together. is it as silly as he says it is? we'll debate that. more "money" ahead officemax has exactly the ink... your business needs... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. ♪ music kids will spend 15 minutes watching online videos like this one. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ . melissa: so moving onto another budget fight and accusations that republicans will hold the debt ceiling hostage over spending cuts, federal reserve chairman ben bernanke said there is no practical purpose to the debt ceiling and it is a device to prevent the u.s. from paying its bills. why are we watching washington fight over it? maybe we should get rid of it. here is susan occhs, american banker columnist and former senior advisor to president obama and stephen hayes, "weekly standard" and fox news contributor. i will ask you both and, susan, start
FOX Business
Jan 16, 2013 9:20am EST
:00 this morning some democrats hold a press conference and say please end the debt ceiling. no more debt ceiling. you don't like that. judge napolitano: what do they mean? the treasury could borrow whatever it wanted by statute and not need an authorization? this would -- it is not constitutional but it would take 180 degrees from the rule of the road before the federal reserve. and the congress had to approve each and every borrower including the amount borrowed, interest paid and identity of the lender. the purchaser of the bond. these people, secretary of the treasury to borrow whatever it wants? stuart: i believe so. i have not heard the wording. judge napolitano: we are marching toward greece even faster than now. stuart: is it for your learning greek? you are laughing. i don't know. judge napolitano: thank you very much. stuart: we will take it. thank you very much. next, the chief of police in a new york town. he is for gun control and when you hear his personal story you may understand why. he is coming up next. stuart: it went up like a rocket and coming down today. we're talking chipot
FOX Business
Jan 16, 2013 5:00pm EST
with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, something more in terms of deficit reduction, my guess is the
FOX News
Jan 15, 2013 6:00pm PST
is what we need to do. >> sean: what wok so bad if the republicans said we're not going to raise the debt ceiling unless there's significant cuts. >> that should be the opening position. >> sean: then you have them cave? >> there has to be-- >> you two are hard to take seriously in your jeans, stuart varney is wearing a sport coat and-- it's not a suit and thrown my whole world upsidedown. >> sean: he's got lighter jeans. >> flat-out changed the subject. >> i learned that somewhere. >> sean: dodge. >> shift in position. >> sean: you say sage bob beckel "the five". >> did you not to that. tune in every day at five. >> sean: i watch the show. i love you both, goodbye, thank you. coming up, you are looking at, four of the president's key cabinet appointments. do you notice any similarities there? the press did and seems the champion of women's rights has failed to name any women to these posts. we're going to look at the lack of diversity in the president's changing administration. by the way, maybe he needs romney's book of binders and one of the greatest scandals in sports ends with an mea
FOX News
Jan 16, 2013 10:00am PST
and rising constantly. we need a restraint on that debt. we cannot let it run away constantly. the and the debt ceiling is a restraint. what the democrats want is a blank check. i'm not sure it's constitutional because congress rules on the issue of money, not the executive branch. so, i'm not sure the constitutionality of it. if you did abolish this debt ceiling, you would pretty soon get yourself a downgrade. these rating agencies would say, your debt is just running away. you're not credit worthy. >> megyn: the debt ceiling is in place, it doesn't seem they trust our lawmakers to live within their moneys and with the money. when you look at 16.4 trillion, they're right, we're not living in our means. and there's a question, stu, you see that number, i think of my kids and think of my children. who is going to pay that number? it's probably not going to be me. >> right. >> megyn: it's probably going to be my kids. >> look, for what is it, 238 years america's had a principle, we sacrifice today for the benefit of our children in the future. you remove that debt ceiling and yo
CNBC
Jan 16, 2013 3:00pm EST
still to be hate in these names. i wouldn't be surprise federal we have a pullback in the debt ceiling negotiations. >> very quickly, cassandra. >> i think we're at gunning of a new bull market for the banks. i think there is a far, far more upside. it's a sector that people need to be overweighted in, and i think because of the housing crisis really behind us, you're going to see a tremendous amount of bick value being built over the next couple of years. it's just starting. we just started to see that in jpmorgan's earnings today, and check out what b of a does tomorrow because i think you're going to see the same thing happen with them. >> all right. >> tremendous upside. >> as we've seen. the financials have been a leader in this market the last couple of years. thank you both for your thoughts today. appreciate it. >> my pleasure. >> and a correction from my observation in yesterday's program on the new landscape for the banking sector. the piece included a point about morgan stanley's ceo james gorman's compensation. mr. gorman's pay in 2010 was $14 million n.1411 it was 10.5 mil
FOX Business
Jan 16, 2013 1:00pm EST
a plan that would gradually deal with these problems. you lift the debt ceiling because you have resolved what is standing in the way. must be a smarter way to approach this. tracy: i get what you're saying. you need some sort of litmus and some sort of bar. but at the same time the markets moved on from this. if they were that concerned we would be down more than 20 points today. we still have a pretty darn good credit rating even though moody's keeps threatening to drop it. they threatened before. if we were in such dire straits, i think you would be feeling it in other places and really aside from us blow harding about it on the news all the time. i'm not sure anybody cares. >> well, that is a great point. markets are reading a lot of different tea leaves and have a lot of different concerns. the first point i would make, keep in mind the u.s. is still a better economy than so many of the economies around the world. and so we benefit from that. we remain the a safe haven at the moment, until we aren't anymore. the question is, when will that happen. the second point is, markets have ma
CSPAN
Jan 16, 2013 7:00am EST
about this debt ceiling. who will be testifying? guest: we are working together on who the witnesses will be. host: who the want on the witness table? guest: asked me in a few hours. i spoke to the chairman yesterday. i said let's have some back-and- forth between the democrats and republicans on his powerful committee as to who should testify. the debt ceiling issue should become a partisan issue. i appeal to the republicans to realize they should not place us in that kind of jeopardy. there will be hearing. we will work on witnesses today. i hope we will be resolving who the witnesses will be. i think there'll be concentration as to who they pick and our choice, one witness out of four. host: might it be secretary geithner? guest: no. host: tony. hi, tony. caller: good morning. guest: where is olive branch? i have been across the bridge there. caller: the talk about congress and everybody is looking at discretionary spending. we're finding the black rhino but we cannot take care of grandma. otherbuilding mosques foreign countries. people have to worry about being on the street and
CSPAN
Jan 15, 2013 8:00pm EST
and future generations. the president has said, ", if congress is going to tie the debt ceiling votes, which we have never done in our history, i will not play that game. the president needs to have somebody around him that knows the truth. that poor man is being lied to. all you have to do is look back in our history. every cut -- every time there was a cut in spending, it was often tied to the debt ceiling negotiations. go back to 1985, to 1990, 1993, 1997, 2010. speaker pelosi, in 2010, with president obama, tied a pay-go provision. she did it. why is it so wrong that the republicans want to do that in the house, like speaker pelosi did? let's get responsible. but the president doesn't even remember two years ago when speaker pelosi did that. somebody has got to help this poor man understand recent and distant history before the rating agencies say, you know what? we used to think the rule of law was going to help the u.s. economy and help the federal government get around to taking care of its debts, but these guys don't even follow the rule of law anymore. and as far as what the economi
FOX News
Jan 16, 2013 6:00am PST
to raise -lg the debt ceiling when he was a senator said it was irresponsible to do so. he said it was because of a failure of leadership. we have a president who is addicted to spending and he needs to just look in the mirror because he is the source of the problem. it's his healthcare law, it's the failed stimulus package, these are things that the president has forced through, the democrats have gone w and it is onwith, and it's one of the reasons we are so deeply in debt. if you're a family and bills are coming in, you take a look at the bills and say, how can we make sure that we pay these bills, but more importantly you want to say how can we make sure we don't have bigger bills to pay in the future. bill: what idea would you support? are you on john boehner's side who says we'll give you a dollar in debt if you give us a dollar in spending cuts, or pat toomey the republican senator from pennsylvania says you can make priority payments to make sure the military is covered and items like that, and then make less priority payments further off in the future. would you go for
Search Results 0 to 26 of about 27 (some duplicates have been removed)